Payday loan, title loan, personal loan, or advance loan -- Struggling to pay your loan -- Complaint #9742291
Complaint Overview
Complaint ID: 9742291
Company: Big Picture Loans, LLC
Product: Payday loan, title loan, personal loan, or advance loan
Sub-Product: Payday loan
Issue: Struggling to pay your loan
State: Ohio
ZIP Code: 44128
Date Received: 2024-08-07T12:00:00-05:00
Date Sent to Company: 2024-08-07T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
The amount of interest collected on the loan is oppressive, and I am unable to make progress paying off the principal. Due to information recently learned, I believe the loan interest and fees are illegal in Ohio, as the rate should be capped at 25 percent. This is not a mortgage lender.
Frequently Asked Questions
What is Complaint #9742291 about?
Complaint #9742291 was filed against Big Picture Loans, LLC regarding Payday loan, title loan, personal loan, or advance loan specifically about Struggling to pay your loan. It was received by the CFPB on 2024-08-07T12:00:00-05:00.
How did Big Picture Loans, LLC respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Payday loan, title loan, personal loan, or advance loan) and describe your issue in detail.
Can I see other complaints against Big Picture Loans, LLC?
Yes, visit the Big Picture Loans, LLC company profile at readthecomplaint.com/company/big-picture-loans-llc to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.